Retirement plan

403(B) THRIFT PLAN OF SOUTHSIDE COMMUNITY HEALTH SERVICES, INC.

Name: SOUTHSIDE COMMUNITY HEALTH SERVICES, INC. - 403(B) THRIFT PLAN OF SOUTHSIDE COMMUNITY HEALTH SERVICES, INC. (2018) Form 5500
Creator: SOUTHSIDE COMMUNITY HEALTH SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF SOUTHSIDE COMMUNITY HEALTH SERVICES, INC., SOUTHSIDE COMMUNITY HEALTH SERVICES, INC.

SOUTHSIDE COMMUNITY HEALTH SERVICES, INC.EIN 23-7113799Plan #001PY 2018

4243 4TH AVE S - MINNEAPOLIS, MN 554092113612-822-9030southsidechs.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.5M

-37.5% from 2017

Total participants

117

+31.5% from 2017

Average account balance

$22,689

-18.2% from 2017

Annual return

-3.09%

-20.02 pp from 2017

Benchmarks

See 8,161 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,161 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.80M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$40K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

72.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$604K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.17%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$9483

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2L2M2T

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$11822 / participant

Other / not subdivided$1M100.0%

% of EOY assets

70.491%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,689

$49,177-53.9%

$79,467-71.4%

$64,173-64.6%

Participation rate

46.7%

65.0%-18.3pp

73.3%-26.6pp

69.6%-22.8pp

Annual return

-3.09%

-1.16%-1.9pp

718.30%-721.4pp

7.63%-10.7pp

Employer contribution / active EE

$700

$2,076-66.3%

$2,800-75.0%

$2,381-70.6%

Participant deferral / active EE

$1,816

$2,821-35.6%

$3,704-51.0%

$3,470-47.6%

Admin fee / account holder

$15,994

$3,839+316.6%

$5,104+213.4%

$4,887+227.2%

403(B) THRIFT PLAN OF SOUTHSIDE COMMUNITY HEALTH SERVICES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF SOUTHSIDE COMMUNITY HEALTH SERVICES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion